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Icon Mini Profile susanaheredia



Joined: 14 Jun 2007

Posts: 1



1.27 Dollars($)

PostPosted: Thu Jun 14, 2007 12:15 pm    Post subject: Steps

What are the steps for a deed in lieu foreclosure?
 
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Icon Mini Profile carnahandavid
carnahandavid


Joined: 21 Dec 2006

Posts: 239



58.41 Dollars($)

PostPosted: Thu Jun 14, 2007 1:20 pm    Post subject:

Susan, tell us more about your problem.

You must know that by DIL you will lose your house. Have you explored other options to have your mortgage modified?

How is the market in your area? You can look to sell the house and pay off the loan as a deed in lieu will affect your credit score. If the houses are not selling in your locality then lender might not agree to accept the house through a deed in lieu.
 
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Icon Mini Profile miller_st
miller_st


Joined: 17 Jan 2007

Posts: 917



168.84 Dollars($)

PostPosted: Thu Jun 14, 2007 2:11 pm    Post subject:

Please read the details of DIL of foreclosure process from this page Susan - http://www.mortgagefit.com/deed-lieu.html

Miller
 
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Icon Mini Profile adonis
adonis


Joined: 22 Oct 2005



Posts: 1482
Location: ALASKA


142.76 Dollars($)

PostPosted: Thu Jun 14, 2007 10:04 pm    Post subject:

Welcome susan,

If you are willing to go for a deed-in-lieu, you may take a look at the Steps in deed-in-lieu process.

_________________
Procrastination is the enemy of your financial sucess
 
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